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Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief

An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.

04/03/2020|11:02:25 PM|ChinaTravelNews

Trip.com-associated investor offers to privatize 58.com

Ocean Link plans to fund the transaction with equity capital and debt capital.

04/03/2020|1:31:00 PM|ChinaTravelNews

Klook buys car rental firm; Chinese airlines confident of ‘triumph’ | Daily Brief

Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.

04/02/2020|11:56:53 PM|ChinaTravelNews

OTA titan's CEO confirms COVID-19 infection

Glenn Fogel tested positive of coronavirus, but he continued to serve as Booking Holdings' CEO as he has not shown any symptoms since March 28.

04/02/2020|5:25:11 PM|ChinaTravelNews

Business travel platform Helios secures $42 million for global expansion

Helios has provided business travel solutions to thousands of enterprises such as Trip.com Group, Didi Chuxing, and JD.com.

04/02/2020|3:13:04 PM|ChinaTravelNews

Travel e-commerce portal Ksher plans more fundraising this year after recent round

Ksher has expanded to 13 countries and increased its annual turnover from USD 1 million to USD 1 billion.

04/02/2020|3:08:01 PM|ChinaTravelNews

OTA giants respond to competition probe; Alibaba invests in travel tech firm | Daily Brief

TravelSky said it will weather coronavirus impacts in air travel without layoffs; Chinese embassy in UK is chartering a plane to bring home Chinese students.

04/02/2020|12:54:11 AM|ChinaTravelNews

Alibaba invests in Israeli travel tech firm Hotelmize

The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.

04/01/2020|6:12:14 PM|ChinaTravelNews
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